effenheimer_IHB
New member
<p><em>"Last month, the inventory of homes for sale in Orange County was the sixth biggest since 1992. The all-time peak for local inventory was April 1995, when the backlog was 26.2 months."</em></p>
<p><a href="http://www.ocregister.com/ocregister/money/homepage/article_1743422.php">Linky</a></p>
<p>That's one piece of the puzzle... The inventory peak happened on 4/95. In theory, we could take the sales for that month and multiply it by 26.2 to get the all-time peak number of homes for sale. Trouble is, I don't know how they're calculating their data. Read on:</p>
<p><em>"The state group estimates that in Orange County it would take 19.8 months to sell all the homes currently listed for sale, and that in California, the backlog equals 10.7 months."</em></p>
<p>We know that Orange country sales have been about 2600 (per month) for the last two months and Zip shows 19100 homes. That's 7.34 months. Could the Dataquick number be a future projection based on seasonally-adjusted consumption expectations?</p>
<p><a href="http://www.ocregister.com/ocregister/money/homepage/article_1743422.php">Linky</a></p>
<p>That's one piece of the puzzle... The inventory peak happened on 4/95. In theory, we could take the sales for that month and multiply it by 26.2 to get the all-time peak number of homes for sale. Trouble is, I don't know how they're calculating their data. Read on:</p>
<p><em>"The state group estimates that in Orange County it would take 19.8 months to sell all the homes currently listed for sale, and that in California, the backlog equals 10.7 months."</em></p>
<p>We know that Orange country sales have been about 2600 (per month) for the last two months and Zip shows 19100 homes. That's 7.34 months. Could the Dataquick number be a future projection based on seasonally-adjusted consumption expectations?</p>